Piedmont, CA (PRWEB) September 25, 2014
Housing data source RealtyTrac® announced an increase in the nation’s foreclosure filings by 7% from July to August.(1) However, the number of US properties that had some sort of filing – default notice, scheduled auction, or bank repossession – is down by 9% from August 2013.
Daren Blomquist, vice president at RealtyTrac® noted that “the annual increase in foreclosure auctions … indicates mortgage servicers are finally adjusting to the new paradigms for proper foreclosure that have been implemented in many states, whether by legislation or litigation or both.” Real estate agent broker Anian Tunney of Piedmont, CA explains that, “after the robo-signing mess in 2010, many banks put a hold on all foreclosures. Now that new rules are in place, the properties put on hold are under review again.” Tunney continued, “Because the holds primarily occurred in states where foreclosures have to go through the courts, most of the foreclosure increases occurred in those states.”
Although California is not a judicial foreclosure state, it did not completely escape the increase. San Francisco posted a 2% increase in foreclosures since August 2013. Additionally, of the nation’s top 20 metro regions, Riverside-San Bernardino was in the top five foreclosure rates (one in every 612 housing units) for August 2014. Real estate for sale in Piedmont includes 6 King Avenue, offered at $4,200,000.
“Overall, the Bay Area’s real estate issues are focused more on the lack of inventory than the foreclosure rate,” noted Tunney. In fact, properties in Tunney’s high end section of the San Francisco Bay Area are not staying on the market long – despite their higher price tags. One property currently in contract, 87 Sea View Avenue – offered at $5,250,000, was on the market for less than four months. Current houses for sale in Piedmont include 5 Requa Place, offered at $2,495,000.
About Anian Tunney, Broker Associate
Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2013 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. Additionally, Tunney is always in the top two in yearly real estate sales for The Grubb Company’s Piedmont, office. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.
A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.
(1) From: Realtytrac, September 9, 2014, U.S. Foreclosure Activity Increases 7 Percent in August. http://www.realtytrac.com/content/foreclosure-market-report/august-2014-us-foreclosure-market-report-8137